Chart of the Day: See which industrial properties command the highest rents

And which kinds are lighter on the wallet.

With tenants remaining cost sensitive, and given the rising competition for qualifying tenants as more completed space entered the market, industrial rents generally stayed soft in 3Q 2014 with those for premises with higher specifications holding up better than the rest.

According to Colliers International’s research, the average monthly gross rents of business park space maintained at the previous quarter’s $4.08 per sq ft as of 3Q 2014. Likewise, rents of independent high-specification (high-specs) industrial premises registered little movement during the quarter.

For ground-level independent high-specs space, the average monthly gross rent eased by a very slight 0.3% quarter-on-quarter (QoQ) to $3.19 per sq ft, while rents for upper-level space remained unchanged at $2.95 per sq ft, as of 3Q 2014.

Here's more from Colliers International:

In contrast, the prime conventional warehouse space segment saw rents slide for the fourth consecutive quarter over the same three-month period ending in September 2014, on the back of increased competition from premises with newer and better specifications, such as ramp-up facilities. Specifically, the average monthly gross rents of ground- and upper-floor space eased by another 0.8% and 2.0% QoQ, to $2.52 per sq ft and $2.00 per sq ft, respectively, as of 3Q 2014. 

Upper-level prime conventional factory space, too, saw its average monthly gross rent slip 0.9% QoQ to $2.12 per sq ft as of 3Q 2014. However, the average monthly gross rent for ground-floor prime conventional factory space defied gravity by inching up 0.8% QoQ to $2.57 per sq ft during the quarter. This was mainly attributed to the higher rent achievable for a recently completed building and shortage of such ground-level space, which are sought after by industrialists.